Coforge Limited (NSE: COFORGE), a leading global IT solutions organization, has announced that its Board of Directors will convene on October 24 to review the company's financial performance for the second quarter of the fiscal year.

Key Highlights

• The Board meeting is scheduled for Friday, October 24
• The agenda includes reviewing Q2 and half-year financial results
• Consideration of a second interim dividend
• A conference call with analysts and investors is planned post-meeting

Financial Review and Dividend Consideration

The Board of Directors will meet to consider and approve the un-audited consolidated and standalone financial results for the quarter and half-year ended September 30. In addition to reviewing the financial performance, the Board will also deliberate on the proposal for a second interim dividend.

If approved, the company will determine and announce the record date for the purpose of this interim dividend. This move signals Coforge's ongoing commitment to delivering value to its shareholders.

Investor Communication

Following the Board meeting, Coforge has planned a conference call with analysts and institutional investors, tentatively scheduled for 5:00 PM (IST) on the same day. This call will provide an opportunity for the investment community to gain insights into the company's performance and future outlook directly from the management.

Trading Window Closure

In compliance with SEBI regulations, Coforge has announced the closure of the trading window for all designated persons and their immediate relatives. The trading window will remain closed from October 1 until 48 hours after the declaration of the financial results. This measure is taken to prevent insider trading and ensure fair market practices.

Upcoming Investor Meetings

Coforge has also disclosed its plans to engage with investors through in-person and virtual meetings scheduled for November 3 and 4 in Mumbai. These one-on-one and group meetings underscore the company's commitment to maintaining open lines of communication with its investor base.

As Coforge prepares to unveil its Q2 results, stakeholders will be keenly watching for indicators of the company's performance in the dynamic IT solutions market. The upcoming Board meeting and subsequent investor interactions are expected to provide valuable insights into Coforge's financial health and strategic direction for the remainder of the fiscal year.

Coforge Limited (NSE: COFORGE), a leading global IT solutions organization, saw its shares decline by over 4% on Friday, continuing a downward trend that has persisted for three out of the last four trading sessions. The stock has experienced a significant 7% correction during this period, closing at ₹1,630.80, marking a 17% decline over the past month.

Client Woes Impact Coforge

The recent slump in Coforge's stock price can be attributed to the poor quarterly results reported by Sabre Corporation, one of Coforge's largest clients. Sabre, a travel technology company, witnessed a staggering 35% drop in its stock price on the Nasdaq following the announcement of its disappointing financial performance.

Sabre's results fell short of initial guidance, with both revenue and EBITDA coming in below expectations. Moreover, the company significantly reduced its full-year guidance across key metrics:

• Air Distribution Volumes growth forecast cut from 'double-digit' to 4-10%
• Revenue growth projection lowered from high-single-digit to flat or low-single-digit
• Pro forma EBITDA guidance reduced from $630 million to $530-570 million

This downturn is particularly concerning for Coforge, as the company had signed a substantial $1.56 billion, 13-year agreement with Sabre in March. The deal aimed to enhance product delivery and develop AI-enabled solutions, highlighting the close partnership between the two firms.

Merger Update

In the midst of these market challenges, Coforge has been moving forward with its strategic plans. According to the latest LODR (Listing Obligations and Disclosure Requirements) filing dated August 7, 2025, Coforge Limited has taken a significant step in its proposed merger with Cigniti Technologies Limited.

The company disclosed that it has filed an application with the Hon'ble National Company Law Tribunal, Chandigarh Bench (NCLT), seeking approval for the Scheme of Amalgamation. This scheme involves the merger of Cigniti Technologies Limited (the Transferor Company) with and into Coforge Limited (the Transferee Company).

This merger application follows previous intimations made by the company on December 27, 2024, July 06, 2025, and July 18, 2025, regarding the proposed amalgamation. The move suggests that Coforge is actively pursuing strategic growth opportunities despite the current market headwinds.

As Coforge navigates through these challenging times, investors and market watchers will be keenly observing how the company manages the impact of Sabre's performance on its business while simultaneously progressing with its merger plans. The coming months will be crucial in determining how these factors influence Coforge's market position and financial outlook.